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The latest funding will allow the company to accelerate growth by expanding its team and facilities, growing its product portfolio of hybrid electric and plug-in vehicle solutions, and investing in additional proprietary technical solutions.

XL Hybrids has adapted its XL3 technology for Ford F-250 trucks based on demand from fleet customers who are seeking even better fuel efficiency from Ford’s popular three-quarter-ton work trucks. This will be the first time that Ford F-250 trucks can be ordered by fleet customers with hybrid-electric drive technology.

The State of Massachusetts placed this new order after seeing successful results from past vehicle conversions by XL Hybrids for the DCR and Environmental Police vehicles. Those vehicle upfits, which are on a mix of Ford Transit vans, Ford E-Series Cutaways and Chevy Express vans, have saved 650 gallons of gas to date and the agencies expect to save nearly 82,000 gallons over the life of the systems.

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This company is unique because they’re not building vehicles from the ground up. Instead, they offer aftermarket upfits that can be installed on new or existing vehicles. Those upfits then turn vehicles into hybrid electric and plug-in hybrid electric vehicles. What’s even better is that XL Hybrids works in concert with many major OEMs like Ford, General Motors and Isuzu.

In 2009, XL Hybrids opened for business with a plan to add small batteries and electric motors to some larger work vehicles used by fleets. Think Ford F-150, Ford Transit, Chevrolet Express or GMC Savana. Today, the company won't say how many vehicles it has electrified, only that more than 50 million miles have been put on XL's upfitted vehicles.